The Homebuying Process

Buying a house is likely to be one of the largest investments you make in your life. The first step is the most important and that’s deciding that you are ready to purchase property.

A knowledgeable Asking Price Realty agent will help you find a home to suit all your needs. After an Asking Price agent knows all your criteria, you and the agent can visit houses which meet your needs. Allow adequate time for all the steps necessary to purchase the right home at the right price.

It is ideal to set up an appointment with MortgageDepot. Speak to a loan officer to obtain a pre-approval letter in order to make an effective offer. Set a realistic budget and timeline, allowing for the expenses of moving, any necessary time off work, and the costs of settling into a new home.

Once you find a potential home, make an offer and deposit earnest money into an escrow account. You, the seller, and the Asking Price Realty agent will usually negotiate the terms for a mutually acceptable contract. Arrange a home inspection, a bank appraisal, apply for a mortgage, and hire a lawyer to review the title and other paperwork.

After you have done a final walkthrough and arranged for insurance, close on the house, making the final payment and receiving the title and keys.